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Discussion of article "MQL5 Cookbook - Pivot trading signals"

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MetaQuotes Software Corp.
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New article MQL5 Cookbook - Pivot trading signals has been published:

The article describes the development and implementation of a class for sending signals based on pivots — reversal levels. This class is used to form a strategy applying the Standard Library. Improving the pivot strategy by adding filters is considered.

The EURUSD M15 chart (Fig.2) displays the day (January 15, 2015) Open level below the central pivot. However, later during the day, the price touches the pivot level upwards. Thus, there is a sell signal. If neither stop loss nor take profit are activated, the market exit is performed at the beginning of the next day.

Fig.2. Basic strategy: sell signal

Fig.2. Basic strategy: sell signal

Author: Dennis Kirichenko

Tavamanya
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Tavamanya  

Pivots indicator not loading

Dennis Kirichenko
11411
Dennis Kirichenko  
Tavamanya:

Pivots indicator not loading


Have a look at the last 2 sentences in the article:


It is most convenient to put the strategy files to the single Pivots folder. Move the indicator files (Pivots.ex5 and MaTrendCatcher.ex5) to the %MQL5\Indicators indicator folder after the compilation.

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